If you read this article about unsecured debt you will understand that credit cards are promises to repay with nothing to back them up (like a physical asset or other collateral). Because of this, they can be negotiated (like any other promise or contract) should the borrower have trouble living up to thier obligations. A more »

Debt negotiation is basically another way to describe debt settlement. The negotiation is typically done by a debt settlement company and entails a process by which they reduce your debt by getting your creditors (the people who you owe the money to) to accept a smaller amount than you actually owe to satisfy your debt obligation more »

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Thank you for all the answers and concern for my debt. It is a great service you are providing."

--Randy

yes they were very helpful and were proven to be honest not like 3 other companies I dealt with. I did sign up for their program. Thank you for all your help. I have also referred a friend as well."

--Mary Beth

Thanks Scott for checking back with me, so far so good, this has been scary trying to find the right company to help me, I went with the company you recommended, they've been very helpful, I'll keep you posted, have a great day!